World Wakeboard Association Inc
- Assets
- $50.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Alfred, FL
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 59-3443057
Organization Overview
World Wakeboard Association Inc is located in Lake Alfred, FL. The organization was established in 1999. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Wakeboard Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, World Wakeboard Association Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WAKEBOARDING SANCTION STANDARDS. PROMOTING & GROWING COMPETITIVE WAKE SPORTS AROUND THE WORLD. BEING A LEADING SOURCE FOR RIDERS, EVENTS AND COMPETITIVE STANDARDS,
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANCTIONING TOURNAMENTS-ACTIVELY PURSUING INTERESTED WAKEBOARD CONTEST ORGANIZERS TO MAKE THEIR TOURNAMENTS SANCTIONED. DRIVER AND JUDGE TRAINING-THE COMPETITION DIRECTOR HAS BEEN ACTIVELY TRAINING WAKEBOARDING ENTHUSIASTS HOW TO JUDGE & DRIVE FOR TOURNAMENTS IN LOCATIONS AROUND THE WORLD. TOURNAMENTS-HOLDING SANCTIONED TOURNAMENTS WITH PROPERLY TRAINED JUDGES USING CONSISTENT AND FAIR STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Starling President | OfficerTrustee | 10 | $0 |
Corrie Wilson Director | Trustee | 10 | $0 |
Matt Belter Director | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,480,145 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,480,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,056 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,628 |
| Office expenses | $973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,282 |
| Travel | $209,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,121 |
| Insurance | $57,919 |
| All other expenses | $1,160,169 |
| Total functional expenses | $1,474,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,755 |
| Total assets | $50,492 |
| Accounts payable and accrued expenses | $31,612 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $155,900 |
| Other liabilities | $0 |
| Total liabilities | $187,512 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$137,020 |
| Total liabilities and net assets/fund balances | $50,492 |